Ameresco, Inc. (NYSE:AMRC) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.11.

Several equities research analysts have recently weighed in on the company. StockNews.com raised Ameresco to a "sell" rating in a research report on Tuesday, November 12th. Stifel Nicolaus upped their price target on Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Ameresco from $42.00 to $25.00 and set an "outperform" rating on the stock in a research note on Friday. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and lowered their price target for the company from $37.00 to $8.00 in a report on Tuesday. Finally, Canaccord Genuity Group dropped their price target on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research note on Friday.

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Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of Ameresco stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now directly owns 17,225 shares of the company's stock, valued at approximately $362,758.50. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after purchasing an additional 391 shares during the period. Cetera Trust Company N.A increased its position in Ameresco by 6.9% in the fourth quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after buying an additional 440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ameresco by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock valued at $977,000 after buying an additional 747 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock valued at $2,389,000 after acquiring an additional 859 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Ameresco by 10.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock worth $482,000 after acquiring an additional 1,930 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Trading Down 6.7 %

Shares of NYSE:AMRC traded down $0.71 during trading on Friday, reaching $9.85. 1,174,053 shares of the stock were exchanged, compared to its average volume of 531,424. The firm's 50-day moving average price is $21.82 and its 200 day moving average price is $27.39. The firm has a market cap of $516.56 million, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79. Ameresco has a 12-month low of $9.39 and a 12-month high of $39.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Thursday, February 27th. The utilities provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The business had revenue of $532.67 million for the quarter, compared to the consensus estimate of $524.31 million. On average, sell-side analysts anticipate that Ameresco will post 1.15 earnings per share for the current fiscal year.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.